Bitcoin(BTC) Price and Ethereum (ETH) Price Can Surge More Than 300% in 2022, Says Analyst

Bitcoin attempted to reach $44,000 a few hours ago but was halted. The majority of cryptocurrencies are marginally in the green, with Cardano being the largest gainer among the larger-cap ones, up 8%.

Raoul Pal, CEO of Real Vision, has revealed his price targets for Bitcoin (BTC) and Ethereum (ETH) for this year, as well as one embryonic crypto industry he feels, will do well in the coming months.

Pal claims that favorable macroeconomic conditions near the end of the year might boost Bitcoin and Ethereum above $100,000 and $10,000, respectively, in a new Real Vision Finance interview.

The logarithmic channel is what he uses. The positive for Bitcoin is that if we regain traction, especially if we see some central bank easing, which he believes we will see in the last quarter of the year, or a hint of it, he still believe Bitcoin can grow by 300 percent or more this year, and ETH might grow much more.

At the time of writing, Bitcoin is worth $42,326.00, and Ethereum is at $3,226.07. 

2022 – A year of special tokens!

According to the former Goldman Sachs executive, 2022 will be the year of social tokens, which are crypto-assets that monetize the value supplied by people, brands, or communities.

He says he has been avoiding this for a while since he is working on something he can’t really talk about, but he believes 2017 is the year of social tokens.” People haven’t yet grasped it yet. It’s something I talk about.

People who truly understand. Bored Ape is starting with the ape token. There are some, although they are still on a modest scale.

We’ll see some massive communities tokenize, demonstrating the power of token economics. That is the major point that most people are unaware of because they haven’t seen it yet. That is my major forecast for this year, he said.